Question
Which of the following statements are true? Please check all that apply Question 9 options: If two goods are essential, a corner solution is likely
Which of the following statements are true? Please check all that apply
Question 9 options:
| If two goods are essential, a corner solution is likely | |
| Taxes always cause a DWL | |
| Prices are one method of rationing resources | |
| If I purchase 10 lates a month, no matter now much income I have, then my tastes are homothetic | |
| A bribe can reduce the amount of DWL | |
| When there are no income effects, individual consumers do not care about how income is distributed | |
| If something is Economically Efficient then it must also be Technically Efficient | |
| More is always better | |
| When there is a decrease in the wage rate, in the Long-Run each firm will produce more output | |
| Coffee in Brazil is a classic example of a Giffen Good |
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The Great Convergence Information Technology And The New Globalization
Authors: Richard Baldwin
1st Edition
067466048X, 9780674660489
